NEW YORK (AP) — Stock futures are rising as investors try to recover some of the big losses that piled up in recent weeks following a string of disappointing economic reports.
The jump in futures Tuesday comes ahead of a report that is expected to show the service sector expanded last month, but not quite as fast as in May.
The services industry accounts for 80 percent of all employment, so growth in the sector could help assuage worries about high unemployment following Friday’s disappointing government employment report.
Dow Jones industrial average futures are up 104, or 1.1 percent, at 9,700. Standard & Poor’s 500 index futures are up 12.40, or 1.2 percent, at 1,026.70, while Nasdaq 100 index futures are up 26.75, or 1.6 percent, at 1,748.00.
